Barclays keeps NOV at Underweight and raises price target to $21
Barclays maintained its Underweight rating on NOV shares and lifted its price target from $20 to $21 a share, Dow Jones Newswires reports.
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what happened
Dow Jones Newswires, citing Benzinga, reports that Barclays kept its rating on NOV shares at Underweight. At the same time, the bank raised its price target on the stock from $20 to $21 per share.
An Underweight rating means analysts expect the shares to lag the broader market.
why it matters
A $1 change in a price target is a routine move for the sector and rarely has a noticeable effect on the stock on its own.
tags
instruments
sources
- NOV Is Maintained at Underweight by Barclays — Dow Jones Newswires, 29 October 2026 at 15:30 UTC
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